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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Keith A Walker who wrote (6972)	3/18/1999 11:49:00 PM
From: Z man	Read Replies (1) \| Respond to of 7054

Yes Keith there is a program under developement to issue TAD's over the internet. This will take some time to develope. Meanwhile don't miss the real message today. The company has a plan and is following it. In recent conference calls the company stated it's intentions on getting on the internet. We have been told to expect Revenue growth at approx. 100% and Earnings at 35-50%. These numbers have been easily achieved and appear to be continuing. So, there is a solid plan in place and objects are being met or exceeded. I expect further positive announcements about the plan in the near future.... Regards Zman

To: Keith A Walker who wrote (6972)	3/30/1999 7:37:00 PM
From: Z man	Read Replies (3) \| Respond to of 7054

Keith, another line of credit established, TAD's must be selling like hot cakes. Let's see in Dec.we get 10 million, in Feb. it's raised to $ 25 million and now we have $ 10 million more..... Actrade Establishes $10 Million Revolving Credit Facility with Summit Bank To Finance Trade Acceptance Drafts NEW YORK, March 30 /PRNewswire/ -- Actrade International, Ltd. (Nasdaq: ACRT - news) announced today that it has secured a $10 million revolving credit facility with Summit Bank. When combined with the Company's cash and other credit facilities, it can now expand its Trade Acceptance Draft (TAD(TM)) Program by potentially providing up to $270 million a year of capacity. Actrade International Chief Operating Officer and Chief Financial Officer Alexander C. Stonkus said, ''the TAD is achieving tremendous success as it's being introduced to some of the largest companies in the country. We expect to fully deploy this new facility within 30 days and we won't stop there. Additional credit facilities will be required to accommodate the expected growth of the TAD Program.'' Mr. Stonkus further stated that, ''our revolving credit facilities do not encumber the Company's other assets. The TADs are sufficient collateral all by themselves. When viewed with the Company's $25 million in working capital, Actrade has the capacity to purchase more than $270 million worth of TADs based on only four turns annually. Used in this manner, Actrade's revolving credit facilities actually increase its ability to earn a higher return on capital.'' Actrade is continuing its effort to standardize TADs as ''the third payment option'' for business-to-business transactions -- the other two being COD and Open Account. Designed, patented, and administered by Actrade Capital, Inc., a TAD is a post-dated payment draft given by a buyer of goods or services to its supplier. When the commercial transaction is complete, the receivable is in essence converted into a financial instrument (the TAD), which is purchased by Actrade. The advantage to a supplier is immediate payment (within 48 hours) and the elimination of credit risk. The buyer obtains extended, and generally, unsecured credit terms. Based in New York City, Actrade International, Ltd., through its wholly owned subsidiaries, provides innovative domestic and international trade finance services. The Company's TAD Program and other services are marketed to businesses in the United States and abroad through offices in Somerset NJ, Fort Lauderdale, Los Angeles, and New York. A newly established international division, Actrade Resources, Inc., based in the Bahamas, will develop and provide financing tools for companies trading outside the United States and for American exporters. Actrade Capital Canada, Inc., based in Toronto, focuses on the financing and trading needs of Canadian-based companies. Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties which are described in the Company's SEC reports, including the annual report on Form 10-K for the period ended June 30, 1998 and the quarterly reports on Form 10-Q for the periods ending September 30, 1998 and December 31, 1998. SOURCE: Actrade International, Ltd.